President Javier Milei has made it clear that the official exchange rate will not be devalued further in the short term, despite concerns about inflation and loss of competitiveness in the export sector. At a recent forum, Milei defended the current price of the official dollar and the 2% monthly devaluation rate, which he believes is crucial in curbing inflation.
While some experts argue that devaluation is no longer beneficial and that exchange restrictions should be lifted to attract investments, Milei remains confident in the government’s current policy for the dollar. He believes that a fixed exchange rate regime is necessary to support an external surplus and a future without a fiscal deficit. The government is also seeking external funds to accelerate economic recovery and stabilize the dollar.
The debate on exchange rate policy continues, with questions about how to lead the country out of the recession without delaying it. However, Milei envisions a future where prices are anchored by the dollar, with strategies aimed at stabilizing the economy and restoring confidence in the currency.
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